Aries Agro Limited Stock Forecast
Weaker technical forecast for Aries Agro Limited as stock downgraded to Strong Sell Candidate.
(Updated on May 23, 2024)
The Aries Agro Limited stock price fell by -0.0843% on the last day (Thursday, 23rd May 2024) from ₹237.35 to ₹237.15. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 2.93% from a day low at ₹237.00 to a day high of ₹243.95. The price has fallen in 7 of the last 10 days and is down by -4.57% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -757 shares and in total, 3 thousand shares were bought and sold for approximately ₹676.12 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.40% during the next 3 months and, with a 90% probability hold a price between ₹187.98 and ₹250.30 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ARIES.BO Signals & Forecast
There are few to no technical positive signals at the moment. The Aries Agro Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at ₹240.17 and ₹258.04. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -13.48%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The stock had a Golden Star Signal on Thursday, July 27, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Thursday, July 27, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Aries Agro Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved ₹6.95 between high and low, or 2.93%. For the last week the stock has had daily average volatility of 2.40%.
Aries Agro Limited is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ARIES.BO) For The Upcoming Trading Day Of Friday 24th
For the upcoming trading day on Friday, 24th we expect Aries Agro Limited to open at ₹239.37, and during the day (based on 14 day Average True Range), to move between ₹226.70 and ₹247.60, which gives a possible trading interval of +/-₹10.45 (+/-4.41%) up or down from last closing price. If Aries Agro Limited takes out the full calculated possible swing range there will be an estimated 8.81% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ ₹241.25, some ₹4.10 (1.73%) from the current price of ₹237.15, our system finds the risk reward not very attractive.
Earnings coming up
Aries Agro Limited will release earnings BMO on Wednesday, May 29, 2024. We will update the financials statements for Aries Agro Limited, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.93% in the first trading day after earnings release.
Is Aries Agro Limited stock A Buy?
Aries Agro Limited holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -5.493 Strong Sell Candidate Downgraded
Predicted Opening Price for Aries Agro Limited of Friday, May 24, 2024
Fair opening price May 24, 2024 | Current price |
---|---|
₹239.37 ( 0.93%) | ₹237.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARIES.BO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 246.32 | 3.87 % | |
R2 | 243.66 | 2.75 % | ||
R1 | 242.02 | 2.05 % | ||
Current price: | 237.15 | |||
Support | S1 | 236.71 | -0.185 % | |
S2 | 235.07 | -0.88 % | ||
S3 | 232.42 | -2.00 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 246.80 | 4.07 % | |
R2 | 245.15 | 3.37 % | ||
R1 | 241.25 | 1.73 % | ||
Current price | 237.15 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
ARIES Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Sep 22, 2023 | Sep 22, 2023 | Oct 20, 2023 | ₹1.00 | 0.539% |
2 | Sep 21, 2022 | Sep 21, 2022 | Oct 20, 2022 | ₹0.80 | 0.581% |
3 | Sep 14, 2017 | Sep 14, 2017 | Oct 24, 2017 | ₹2.00 | 0.765% |
4 | Sep 15, 2016 | Sep 15, 2016 | Sep 15, 2016 | ₹1.50 | 1.46% |
5 | Sep 16, 2015 | Sep 16, 2015 | Sep 16, 2015 | ₹2.00 | 2.18% |
FAQ
Click here for our free guide on how to buy Aries Agro Limited Stock.